Last summer, the Wall Street Journal published an article with an alarming headline.

AI is wrecking an already fragile job market for college graduates. It then goes on to say,

companies have long leaned on entry-level workers to do grunt work that doubles as on-the-duty training.

Now, chat GPT and other bots can do many of

these chores. Now, this idea that young people are having a particularly hard time-finding jobs

and that this is due in part to AI soon took off and became conventional wisdom.

Variations of this claim have been cited ever since.

Now look, this belief is starting to have a real impact. Just last week, Axios wrote an article that was titled,

AI is making college students change majors,

and it cited a survey that showed 16% of currently enrolled college students have changed

their studies due to concerns about AI. That number jumps to 25% when you consider students

who are studying technology, which is all to say, if you've been reading AI coverage recently,

you've probably encountered these type of claims many times. But are they true?

Today, we're going to look for some measured answers. I'm Cal Newport, and this is the AI reality

check. All right, so the question we're looking at today is AI reducing the market for entry-level jobs?

Now, I'm not an economist, but fortunately for our purposes, multiple economists have weighed in recently on this claim about AI stealing entry-level jobs.

And here's the thing, they're not that impressed.

All right, I want to start with someone named Torsten Sloc, who is the chief economist at Apollo

Global Management. Now, last week, he published a newsletter that was titled, Busting the AI Youth Unemployment Myth.

All right.

Now, in this article, he has two different charts that he put together, both of them drawing

data from the Bureau of Labor Statistics.

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